Gold prices fall significantly in Pakistan amid decline in global market

Gold rates in Pakistan slipped on Tuesday, tracking weaker prices in the international market, according to Business Recorder. The APGJSA, the All-Pakistan Gems and Jewellers Sarafa Association, put the local price of one tola at Rs449,336 after a daily drop of Rs4,000. The 10-gram rate fell by Rs3,429 to Rs385,233 over the same session.

On Monday, the tola rate stood at Rs453,336 following a Rs3,800 fall during that day. Abroad, the ounce price slid $40 to $4,268. Silver held flat, with its tola price still at Rs6,802.

Local rates moved alongside the international market, where the ounce price declined by $40 during the day. The tola and 10-gram figures are the rates shared by the APGJSA for Tuesday's session.